NIESSEN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NIESSEN
Largest movements
- Tangible fixed assets +€370,181
up €370,181 (+17.5%), from €2.1m to €2.5m
of which Land and buildings: +€404,398
- Cash +€184,730
up €184,730 (+9.0%), from €2.0m to €2.2m
mainly Net result for the year (+€567,962) and Depreciation (+€176,330)
- Receivables within one year +€138,526
up €138,526 (+21.9%), from €632,470 to €770,997
of which Trade receivables: +€141,934
- Reserves +€360,000
up €360,000 (+33.2%), from €1.1m to €1.4m
of which Distributable reserves: +€360,000
- Profit (loss) carried forward +€207,962
up €207,962 (+5.3%), from €3.9m to €4.2m
- Tax, wage and social debts +€85,724
up €85,724 (+54.6%), from €157,062 to €242,786
of which Taxes: +€78,944
- Other operating charges +€93,447
up €93,447 (+225%), from €41,548 to €134,995
- Gross operating margin +€84,182
up €84,182 (+5.9%), from €1.4m to €1.5m
- Write-downs -€74,946
new in 2024: -€74,946
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,243,669 | €5,953,405 | +€709,736 | +13.5% |
| Fixed assets | 21/28 | €2,116,159 | €2,486,339 | +€370,181 | +17.5% |
| Tangible fixed assets | 22/27 | €2,116,014 | €2,486,194 | +€370,181 | +17.5% |
| Land and buildings | 22 | €1,859,978 | €2,264,377 | +€404,398 | +21.7% |
| Plant, machinery and equipment | 23 | €64,657 | €48,218 | -€16,439 | -25.4% |
| Furniture and vehicles | 24 | €191,378 | €173,600 | -€17,778 | -9.3% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €3,127,510 | €3,467,066 | +€339,555 | +10.9% |
| Stocks and contracts in progress | 3 | €125,324 | €143,668 | +€18,344 | +14.6% |
| Stocks | 30/36 | €125,324 | €143,668 | +€18,344 | +14.6% |
| Amounts receivable within one year | 40/41 | €632,470 | €770,997 | +€138,526 | +21.9% |
| Trade receivables | 40 | €623,321 | €765,255 | +€141,934 | +22.8% |
| Other amounts receivable | 41 | €9,149 | €5,741 | -€3,408 | -37.2% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,045,822 | €2,230,551 | +€184,730 | +9.0% |
| Deferred charges and accrued income | 490/1 | €23,895 | €21,849 | -€2,045 | -8.6% |
| Total equity and liabilities | 10/49 | €5,243,669 | €5,953,405 | +€709,736 | +13.5% |
| Equity | 10/15 | €5,048,448 | €5,616,409 | +€567,962 | +11.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,085,212 | €1,445,212 | +€360,000 | +33.2% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,047,712 | €1,407,712 | +€360,000 | +34.4% |
| Profit (loss) carried forward | 14 | €3,944,644 | €4,152,605 | +€207,962 | +5.3% |
| Amounts payable | 17/49 | €195,221 | €336,996 | +€141,775 | +72.6% |
| Amounts payable within one year | 42/48 | €195,221 | €336,996 | +€141,775 | +72.6% |
| Trade debts | 44 | €38,159 | €94,210 | +€56,051 | +147% |
| Suppliers | 440/4 | €38,159 | €94,210 | +€56,051 | +147% |
| Taxes, remuneration and social security | 45 | €157,062 | €242,786 | +€85,724 | +54.6% |
| Taxes | 450/3 | €121,019 | €199,963 | +€78,944 | +65.2% |
| Remuneration and social security | 454/9 | €36,043 | €42,823 | +€6,780 | +18.8% |
| Remuneration, social security and pensions | 62 | €503,093 | €511,014 | +€7,921 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,671 | €176,330 | +€9,659 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€74,946 | -€74,946 | |
| Other operating charges | 640/8 | €41,548 | €134,995 | +€93,447 | +225% |
| Gross operating margin | 9900 | €1,428,327 | €1,512,509 | +€84,182 | +5.9% |
| Operating profit (loss) | 9901 | €717,014 | €765,116 | +€48,102 | +6.7% |
| Financial income | 75/76B | €32,955 | €31,805 | -€1,151 | -3.5% |
| Recurring financial income | 75 | €32,955 | €31,805 | -€1,151 | -3.5% |
| Financial charges | 65/66B | €11,584 | €11,717 | +€133 | +1.1% |
| Recurring financial charges | 65 | €11,584 | €11,717 | +€133 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €738,386 | €785,204 | +€46,818 | +6.3% |
| Income taxes | 67/77 | €225,030 | €217,242 | -€7,787 | -3.5% |
| Profit (loss) for the period | 9904 | €513,356 | €567,962 | +€54,605 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €513,356 | €567,962 | +€54,605 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.